A DAO where it only involved three accounts which could take control is not a "DAO" at all, instead, it is centralized. It has no benefit to security as stated on the website. The people behind those accounts is even unknown, what if the same person owns those 3 accounts?
Just to reiterate the pinned announcement message on this forum, this count as a yield platform, so beware.
When you log into an exchange, yield platform, or other site, and it says that you have a balance of "1 BTC" or "1 USD", this does not actually mean that you have 1 BTC or 1 USD. Rather, it means that the company showing you this balance owes you that money. In other words, you've given a loan to the company. Maybe the company will pay you back, but history is littered with defunct companies which accepted deposits and were widely trusted for years, but which ended up not paying back their depositors in the end.
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Also, note that many altcoins, tokens, and DeFi projects are either fundamentally centralized and therefore about as risky as online wallets, or they are still potentially vulnerable to the recent wave of insolvencies due to the way that they're designed.
We discussed the issue of trust in another thread
https://bitcointalk.org/index.php?topic=5418959We are working on partnership agreements with several well-known companies.
At the moment, our priority is to get the status of "Verified Provider" on the site stakingrewards.com
If you closely follow the news from the world of DeFi, then you know very well that any protocol can stop working at any time.
Cooperation with us has the same risks as interaction with any other DeFi protocol and we honestly write about on our website.
If you want to hear my personal opinion, then the risk of cooperation with us is even lower, because we work with exchanges whose security level is the same or even higher than that of the Binance exchange.
There's not much time left before the first investment cycle starts!
We will be closing deposits on 11/25/2022 at 11:11am (UTC).
Don't miss the opportunity to invest your USDC for 1 month to get 1.5% return on your deposit.
P.S. The fund has already raised over $5,000
